Bitcoin has long been cast as a technology experiment, a decentralized project pushing the boundaries of finance. But according to GetBit CEO Abhay Agarwal, that perception misses the point. “Bitcoin functions less like a tech project and more like a monetary asset,” the executive said in an exclusive interview with Coinpedia. “It is closer to …
Elliott Management, the activist investment firm led by Paul Singer, has raised concerns regarding the cryptocurrency market, suggesting that it may be on the brink of an “inevitable collapse.” In a recent investor letter reported by Fortune, the firm attributed the inflation of this so-called “crypto bubble” to the perceived endorsement from the White House, particularly during President Donald Trump’s administration. Impending Crypto Collapse Ahead? The letter articulated fears that the US government’s backing of cryptocurrencies could undermine the dollar’s position as the world’s primary reserve currency. Related Reading: WLFI Price Dips 7% As Eric Trump Leaves World Liberty Treasury Company ALT5 Sigma Elliott Management highlighted that the dramatic rise in crypto prices, allegedly tied with Trump’s promotion of digital assets, poses risks not only to individual investors but also to the broader economy. The firm warned that the impending collapse of the alleged crypto bubble could have unforeseen repercussions, potentially destabilizing financial markets. Elliott’s letter pointed to what they call “speculative nature” of the current crypto market, where a surge of investment appears to be driven more by hype than by intrinsic value. The firm noted it had “never seen a market like this,” where investors are drawn to assets, particularly memecoins, that lack substantial backing. They assert that this “speculative fervor,” likened to the behavior of sports bettors, has attracted a wave of new investors hoping for continued price increases without a solid foundation. Concerns Mount Over US Dollar’s Future Elliott expressed particular concern about Trump’s vocal support during his campaign and his involvement in several crypto-related ventures have contributed to a perception of legitimacy surrounding the sector. Trump and his sons have been increasingly leaped into the digital asset sector with ventures such as World Liberty Financial (WLFI), American Bitcoin (ABTC) and the launch of the President’s official memecoin, TRUMP, which have sparked considerable criticism among Democrats. Elliott cautioned that such endorsements could marginalize the dollar, which the firm described as “profoundly dangerous.” The establishment of a national reserve for digital assets, as proposed by the Trump administration, further complicates this scenario, potentially diluting the dollar’s influence in the global economy. The letter also stressed the need for caution among investors, warning that many are placing their bets on a volatile market based on “speculative trends rather than sound financial principles.” Related Reading: Solana And XRP ETFs Smash New Records In Canada Despite the firm’s stark warning, cryptocurrency prices rebounded on Wednesday. The leading cryptocurrency, Bitcoin (BTC), was trading at $113,450 when writing, after consolidating for days between $110,000 and $112,000. Furthermore, the recent passage of the GENIUS Act—the first crypto bill signed by President Trump—is expected to enhance the use of the US dollar as a complement to stablecoins, thereby updating the broader financial system. Wall Street giants Morgan Stanley, Citi, Bank of America, and JPMorgan Chase have all also expressed their willingness to enter the sector. This highlights the administration’s progress in developing a new framework that could mitigate risks while accelerating the adoption of digital assets. Featured image from DALL-E, chart from TradingView.com
VanEck plans to file for a Hyperliquid (HYPE) spot staking ETF in the U.S. and launch an exchange-traded product (ETP) in Europe. The ETF will give U.S. investors easier access to HYPE and may encourage major exchanges to list the token. Additionally, VanEck is considering using part of the fund’s profits to buy back HYPE …
The crypto market is swinging with volatility as investors wait for the Federal Reserve’s September 17th policy meeting. With many expecting a FED interest rate cut, sentiment is split between fear and optimism. But within this uncertainty, analysts are pointing to four top altcoins that could outperform both before and after the decision. Sui (SUI) …
On September 10, spot Bitcoin and Ethereum ETFs reported strong inflows. According to SoSoValue, Bitcoin ETFs recorded $757.14 million in net inflows, while Ethereum ETFs added $171.54 million. Bitcoin ETF Breakdown Bitcoin spot ETFs saw a combined inflow of $757.14 million. Fidelity’s FBTC led with $299.98 million, followed by BlackRock’s IBIT with $211.16 million. Ark …
Ethereum is getting more powerful backers day by day. Nasdaq-listed Bitmine Immersion Technologies announced a massive addition to its corporate treasury, 446,255 ETH worth around $201 million. It was a bold move that cemented Bitmine’s place as the single largest corporate holder of Ethereum. Following the purchase news, the ETH token price jumped nearly 3% …
The Maelstrom co-founder disclosed nearly $1 million in Ethena as validators prepare to decide the USDH ticker.
Evgeny Masharov, a member of the Russian Civic Chamber, says Russia should start a crypto exchange through a major financial institution.
Litecoin (LTC) has jumped 5.5% in price, outperforming many altcoins. The rally is fueled by strong whale activity, institutional moves, and growing confidence in the network’s fundamentals. Why is the Litecoin Price Rising Today? One of the biggest sparks behind Litecoin’s rally is Grayscale’s filing for a Litecoin ETF. The company, which is already pushing …
Cardano price has been quietly building steam, and this week it finally broke through levels that traders have been monitoring closely. The ADA token is currently priced at $0.8880, up 1.79% in the past 24 hours and more than 8% over the last week. Its market cap now hovers at $31.74 billion, with an intraday …
The Hong Kong Monetary Authority has proposed softer capital requirements for banks holding certain crypto assets, Caixin reported.
Bitcoin could be sent to and from Mars within three minutes by leveraging an optical link from NASA or Starlink and a new interplanetary timestamping system.
Altseason indicators surged to 76 this week, marking the highest crypto market levels since December as altcoins outperformed Bitcoin.
Ether treasury company BitMine has expanded its investment in Ethereum by another $200 million, bringing its ETH stockpile above $9 billion.
Alphractal called Kospi's record high an incremental signal that bitcoin's bull run may be nearing an end.
An analyst has pointed out how Dogecoin could see a rally to $0.50, if the upper boundary of this technical analysis pattern breaks. Dogecoin Is Currently Trading Inside A Parallel Channel In a new post on X, analyst Ali Martinez has shared a technical analysis (TA) pattern forming in the 1-day price of Dogecoin. The pattern in question is a Parallel Channel, which forms when the price of an asset observes movement restricted between two parallel trendlines. Related Reading: Toncoin, Quant Seeing Whale Activity Explosion, Big Move Ahead? The upper line of the channel is likely to provide resistance, while the lower one support. A break out of either of these boundaries can imply a continuation of trend in that direction. There are a few different types of Parallel Channels, depending on how the trendlines are arranged relative to the chart axes. When the trendlines are slopped upward, the pattern is known as an Ascending Channel. Similarly, them pointing down results in what’s called a Descending Channel. In the context of the current topic, the variant of interest is neither of these, but rather the most simple case of Parallel Channels: a channel that’s parallel to the time-axis. This type emerges when an asset observes consolidation in an exactly sideways manner. Here is the chart shared by Martinez that shows the Parallel Channel that the 1-day Dogecoin price has been trading inside for the last few months: As is visible in the above graph, Dogecoin retested the resistance line of the Parallel Channel in July, but ended up finding rejection. The midway line of the channel stabilized the asset’s drawdown and since then, the coin has been moving in a tight range in the upper half of the pattern. Currently, the memecoin’s trajectory is pointing in the direction of the upper level, which is situated at $0.29, but for now, its price remains a notable distance below it. In the scenario that another retest occurs in the near future, the outcome may be interesting to watch, as it could have implications for DOGE’s value. According to the analyst, the cryptocurrency could be looking at the $0.50 mark, if its price can break past this barrier. The target is based on the fact that Parallel Channel breakouts can be of the same length as the width of the channel. Related Reading: Bitcoin’s Most Resolute Diamond Hands Are Only Growing Older, Data Shows From the current price of Dogecoin, a potential bullish breakout to the level would imply a positive return of around 104%. It now remains to be seen how the memecoin develops in the near future, with respect to the Parallel Channel. DOGE Price At the time of writing, Dogecoin is trading around $0.245, up more than 12% over the last week. Featured image from Dall-E, charts from TradingView.com
Goldman Sachs CEO David Solomon anticipates one or two more rate cuts, depending on how “economic conditions play out.”
Ethereum futures trading has surged as speculators pile in, even as institutional investors rotated capital into spot Bitcoin ETFs.
Crypto edged higher with bitcoin near $114K and DOGE leading, while a CF Benchmarks model says BTC trades below fair value relative to money supply growth, a pattern that has preceded rallies.
Bankruptcy has offered no “safe harbor” for Nathan Fuller, as a Texas judge denied discharge in his $12.5M crypto scheme.
The U.S. Securities and Exchange Commission (SEC) is changing course on how it regulates cryptocurrencies. At the inaugural OECD Roundtable on Global Financial Markets in Paris, SEC Chairman Paul S. Atkins declared that the “era of uncertainty is coming to an end,” with America preparing to embrace digital assets as part of its financial system. …
World Liberty Financial (WLFI), backed by Trump, has launched Project Wings in partnership with Bonk.fun and Raydium. The initiative offers promotional rewards for trading USD1 pairs on Bonk.fun to encourage wider stablecoin use and activity in the Solana ecosystem. This collaboration aims to increase trader engagement and support Solana’s growth as a key DeFi platform …
Avalanche Foundation is working to set up two US crypto treasury companies and aiming to raise $1 billion for discounted AVAX purchases. The first, run by Hivemind Capital and advised by Anthony Scaramucci, targets $500 million through a Nasdaq-listed firm. The other, a $500 million SPAC backed by Dragonfly Capital, signals strong institutional momentum for …
Despite facing resistance near $3.02, the market structure suggests accumulation, with bulls defending support around $2.98 as traders gauge momentum for a push toward higher extension levels.
Bitcoin ETFs draw $757 million in flows while ETH ETFs bring in $171.5 million.
The two companies will reportedly use the proceeds to purchase AVAX cryptocurrency from the foundation at a discounted price.
Solana started a fresh increase above the $220 zone. SOL price is now consolidating above $215 and might aim for more gains above the $225 zone. SOL price started a fresh upward move above the $212 and $215 levels against the US Dollar. The price is now trading above $215 and the 100-hourly simple moving average. There is a bullish trend line forming with support at $222 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend gains if it clears the $225 resistance zone. Solana Price Eyes More Gains Solana price started a decent increase after it found support near the $205 zone, beating Bitcoin and Ethereum. SOL climbed above the $212 level to enter a short-term positive zone. The price even smashed the $218 resistance. The bulls were able to push the price above the $220 barrier. A high was formed at $226 and the price is consolidating gains above the 23.6% Fib retracement level of the upward move from the $199 swing low to the $226 high. Solana is now trading above $215 and the 100-hourly simple moving average. There is also a bullish trend line forming with support at $222 on the hourly chart of the SOL/USD pair. On the upside, the price is facing resistance near the $225 level. The next major resistance is near the $232 level. The main resistance could be $235. A successful close above the $235 resistance zone could set the pace for another steady increase. The next key resistance is $245. Any more gains might send the price toward the $250 level. Downside Correction In SOL? If SOL fails to rise above the $225 resistance, it could start another decline. Initial support on the downside is near the $222 zone and the trend line. The first major support is near the $212 level or the 50% Fib retracement level of the upward move from the $199 swing low to the $226 high. A break below the $212 level might send the price toward the $205 support zone. If there is a close below the $205 support, the price could decline toward the $200 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $222 and $212. Major Resistance Levels – $225 and $235.
As Solana (SOL) taps the $225 barrier, Bitwise’s CIO forecasted that a bullish Q4 rally might be brewing for the altcoin if it follows Bitcoin (BTC) and Ethereum’s (ETH) recipe. Related Reading: Bitcoin Breakdown Averted? Analyst Says This Level Will Determine BTC’s Fate Solana To Follow BTC, ETH’s Recipe? On Tuesday, Matt Hougan, CIO at Bitwise, affirmed in a new memo to clients that the recipe for strong returns has been clear over the past 18 months: “Take one part ETP inflows, add strong corporate treasury purchases, and voilà—you get big returns.” Hougan explained that BTC followed this recipe since January 2024, while ETH discovered the same formula in April 2025. “It’s no surprise that the recipe works. It’s classic supply and demand,” he stated, adding that “all the ingredients are there for an epic end-of-year run for Solana.” As the CIO highlighted, multiple issuers, including Bitwise, Grayscale, and VanEck, have filed to launch spot SOL exchange-traded products (ETPs), which are expected to be approved at the start of Q4. As reported by NewsBTC, the US Securities and Exchange Commission (SEC) announced last month that it had pushed back its decision on Bitwise, 21Shares, VanEck, Grayscale, and Canary Capital’s spot SOL exchange-traded funds (ETFs) for two months, pushing it to October 16, 2025, “meaning we may have multiple issuers pushing spot Solana ETPs in Q4.” Meanwhile, three major firms, Galaxy Digital, Jump Crypto, and Multicoin Capital, recently secured $1.65 billion in cash and stablecoins to launch a publicly traded SOL-focused treasury company, Forward Industries, to purchase SOL, stake it, and generate excess return. Hougan also noted that Forward Industries named Kyle Samani, who has been among the cryptocurrency’s most consistent promoters, as chairman. To Bitwise’s CIO, if Samani can “carry the Solana message” like Michael Saylor and Tom Lee have done with Bitcoin and Ethereum, it will help drive investor demand. SOL’s Secret Ingredient Hougan pointed out that the existence of ETPs and treasury companies does not guarantee demand, adding that there must be fundamental reasons for investors’ interest in those vehicles. “Solana is an Ethereum competitor,” he asserted, “it’s a programmable blockchain designed to host stablecoins, tokenized assets, and decentralized finance applications, among other things.” The blockchain recently approved a major technical upgrade that will make it one of the fastest networks in the world. Additionally, it is also third in stablecoin liquidity among programmable blockchains and fourth in tokenized assets, recording rapid growth in this sector. Nonetheless, he argued that there’s a key difference between SOL and the two leading cryptocurrencies. While Bitcoin’s market capitalization sits around $2.2 trillion, and Ethereum’s is near the $530 billion mark, Solana’s market capitalization is around $120.8 billion, 1/20th the size of BTC and less than 1/4th the size of ETH. “Scaled for the size of the blockchain, a relatively small amount of flows into Solana could significantly impact prices,” Hougan explained. Related Reading: Worldcoin Jumps 42% Following Eightco’s Announcement Of First WLD Treasury Strategy He detailed that Forward Industries’ $1.6 billion purchase of SOL shares would be the equivalent of $33 billion in BTC purchases, noting that this could be slightly offset by Solana’s higher annual inflation rate of 4.3%, versus Bitcoin’s 0.8% and Ethereum’s 0.5%. “The setup is still attractive,” he concluded, suggesting that investors keep their eyes on Solana in the coming months. As of this writing, Solana is trading at $222, a 5.1% increase in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
The market has “already started voting” on the issue as Solana, Avalanche, and other chains have “gone sideways” against Bitcoin, a recent report says.
The team is collaborating with security firms on Sui to trace the funds and is developing a compensation plan for affected users.